Elon Musk’s Department of Government Efficiency (DOGE) is reportedly targeting the U.S. Securities and Exchange Commission (SEC), expanding its efforts to tackle inefficiencies in federal agencies.
DOGE has launched affiliate pages on social media, including DOGE SEC, which has called for public input on SEC misconduct.
Musk has had a contentious history with the SEC, criticizing the agency for its handling of various matters, including stockholder compensation for Twitter.
This new push has sparked concerns among Democratic lawmakers, especially regarding Musk’s potential access to sensitive SEC data, like the Consolidated Audit Trail.
Despite these concerns, White House press secretary Karoline Leavitt reassured that President Trump has committed to preventing conflicts of interest, with Musk agreeing to recuse himself from potential issues.
The SEC is currently led by acting Chair Mark Uyeda as Paul Atkins awaits confirmation.
Pi Network’s record-breaking airdrop has reignited controversy, with Bybit CEO Ben Zhou drawing attention to past warnings from Chinese authorities labeling the project a scam.
In a surprising turn of events, the chances of a Fort Knox gold audit happening by May 2025 have risen sharply following comments from President Donald Trump.
Kraken saw a 39% rise in government data requests in 2024, with U.S. agencies leading the surge, according to its latest transparency report.
Vitalik Buterin has expressed disappointment over what he sees as a shift in values within the crypto industry, particularly in relation to Ethereum’s cautious stance on blockchain gambling.